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Re:Cryptocurrency chaos as China cracks down on ICOs by Nursie on Wednesday September 13, 2017 @09:01AM (#15237813)
It's the cost of competing for block rewards, which incidentally secures the consensus, yes. It's the price of decentralisation.

And it's still not an external task, it's a facet of running the currency rather than work that is independently useful.

And it's still conjuring money out of nothing.

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